ADVISORY

FROM THE COMMITTEE ON WAYS AND MEANS
Subcommittee on Social Security

FOR IMMEDIATE RELEASE, Contact: (202) 225-9263
March 21, 1997
No. SS-2


Bunning Announces Second Hearing in Series on "The Future of Social Security for this Generation and the Next" Congressman Jim Bunning (R-KY), Chairman, Subcommittee on Social Security of the Committee on Ways and Means, today announced that the Subcommittee will hold the second in a series of hearings on "The Future of Social Security for this Generation and the Next." At the second hearing, the Subcommittee will hear from expert witnesses who will establish a framework for evaluating options for Social Security reform. The hearing will take place on Thursday,
April 10, 1997, in room B-318 of the Rayburn House Office Building, beginning at
10:00 a.m.

In view of the limited time available to hear witnesses, oral testimony will be heard from invited witnesses only. However, any individual or organization may submit a written statement for consideration by the Committee and for inclusion in the printed record of the hearing.

BACKGROUND:

The Subcommittee on Social Security's first hearing in the series focused on the recommendations of the Advisory Council on Social Security. The Council offered three very different approaches to restoring Social Security's financial solvency. These proposals, along with many others, offer a wide range of options, from maintaining the program's current structure to revamping the system entirely.

As the hearings continue, the Subcommittee will assess the impact of alternative solutions to Social Security's financing problems. Members of the Subcommittee, as well as the public, want and need to gain an appreciation of the effects that changes to Social Security will have on the economy, national savings, the Federal budget, and the retirement security of every participant.

In announcing the hearing, Chairman Bunning stated: "The purpose of this hearing is to develop a background understanding of Social Security's relationship to the economy and the budget so that Members will be in a stronger position to evaluate specific proposals to ensure Social Security's future."

FOCUS OF THE HEARING:

The Subcommittee will hear the views of a wide range of experts in economics and public policy regarding the fundamental issues to consider when evaluating options for Social Security reform.

DETAILS FOR SUBMISSION OF WRITTEN COMMENTS:

Any person or organization wishing to submit a written statement for the printed record of the hearing should submit at least six (6) copies of their statement and a 3.5-inch diskette in WordPerfect or ASCII format, with their address and date of hearing noted, by the close of business, Thursday, April 24, 1997, to A.L. Singleton, Chief of Staff, Committee on Ways and Means, U.S. House of Representatives, 1102 Longworth House Office Building, Washington, D.C. 20515. If those filing written statements wish to have their statements distributed to the press and interested public at the hearing, they may deliver 200 additional copies for this purpose to the Subcommittee on Social Security office, room B-316 Rayburn House Office Building, at least one hour before the hearing begins.

FORMATTING REQUIREMENTS:

Each statement presented for printing to the Committee by a witness, any written statement or exhibit submitted for the printed record or any written comments in response to a request for written comments must conform to the guidelines listed below. Any statement or exhibit not in compliance with these guidelines will not be printed, but will be maintained in the Committee files for review and use by the Committee.

1. All statements and any accompanying exhibits for printing must be typed in single space on legal-size paper and may not exceed a total of 10 pages including attachments. At the same time written statements are submitted to the Committee, witnesses are now requested to submit their statements on a 3.5-inch diskette in WordPerfect or ASCII format.

2. Copies of whole documents submitted as exhibit material will not be accepted for printing. Instead, exhibit material should be referenced and quoted or paraphrased. All exhibit material not meeting these specifications will be maintained in the Committee files for review and use by the Committee.

3. A witness appearing at a public hearing, or submitting a statement for the record of a public hearing, or submitting written comments in response to a published request for comments by the Committee, must include on his statement or submission a list of all clients, persons, or organizations on whose behalf the witness appears.

4. A supplemental sheet must accompany each statement listing the name, full address, a telephone number where the witness or the designated representative may be reached and a topical outline or summary of the comments and recommendations in the full statement. This supplemental sheet will not be included in the printed record.

The above restrictions and limitations apply only to material being submitted for printing. Statements and exhibits or supplementary material submitted solely for distribution to the Members, the press and the public during the course of a public hearing may be submitted in other forms.

The Committee seeks to make its facilities accessible to persons with disabilities. If you are in need of special accommodations, please call 202-225-1721 or 202-225-1904 TTD/TTY in advance of the event (four business days notice is requested). Questions with regard to special accommodation needs in general (including availability of Committee materials in alternative formats) may be directed to the Committee as noted above.